The value chain describes the categories of activities within an organisation which, together, create a product or service. What is Value Chain? Understanding how the company creates value, and looking for ways to add more value, are critical elements in developing a competitive strategy. Michael Porter discussed this in his influential 1985 book “Competitive Advantage,” […]
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History and Civics (Class – IX): Projects / Assignments
Project / Assignment Topics: Q. ‘The Indian constitution protects the rights of children, women, minorities and weaker sections.’ Elaborate on the basis of a case study. Highlight the civic issues of your locality and what suggestions would you offer to address them. Visit a museum or local site of historical importance and discuss its significance. […]
VRIO Analysis
VRIO is am Internal analysis technique for doing Organizational Analysis. VRIO (acronym for value, rarity, imitability, and organization) framework helps understand the business elements that provides the business with a long-term competitive advantage. VRIO framework analyses an organisations internal resources, processes, and capabilities to see how it could be improved. Here is how VRIO is […]
The McKinsey 7S Framework
The model was developed by McKinsey & Company in the 1980s. Specifically, it was developed by Robert H. Waterman, Jr. and Tom Peters. Their research has shown that the success of an organization depends on a number of mutually supporting variables, besides strategy and structure. According to the 7-S framework, effective organizational change is driven […]
Using Pestle and Porter’s Five Forces Analysis Together
It is important to use the PESTLE and Five Forces Technique together for analysis as it helps to get a detailed picture of the situation that an organization faces. Both PESTLE / PEST and Porter’s Five Forces analysis provides an organization with more information about the external environment. However, using just one of the techniques […]
Competitive Advantage (Strategic Management): Various ways to achieve
Competitive advantage refers to conditions that allow a company or country to produce a good or service at equal value but at a lower price or in a more desirable fashion. These conditions allow the productive entity to generate more sales or superior margins compared to its market rivals. Gaining and sustaining Competitive Advantage is […]
The GE Planning Grid / GE 9 Cell
The General Electronic (GE) Matrix was developed by Mckinsey and Company Consultancy Group in the 1970s. Whereas BCG is limited to products, business units can be products, whole product lines, a service or even a brand. The GE matrix is plotted in a 3 x 3 grid i.e. it includes nine cells based on: long […]
Research on person or business that is part of the unorganized sector
Case Study: Make a visit to your local market or your surrounding area to do a research on any person or business you think is a part of the unorganized sector and find details about the following: Visit to Dharavi, home to the biggest community of idol-makers (Kumbhar community), whose main occupation is making idols. […]
Organised and unorganised sectors in India
Meaning of organised and unorganised sectors. In the Organised sector, businesses have appropriate authority, are governed by various Acts and stricktly follow the relevant rules and regulations. Workers get monthly salaries and other benefits. Unorganised sector comprises of small scale enterprises that are not registered with the government and are not governed by any Acts. […]
On the basis of its occupation, classify the major sectors of Indian economy
On the basis of the various economic activities in which the workers are engaged in, Indian economy can be divided into the following: Primary Sector: Activities are based on natural resources. Farming, livestock rearing, fishing, quarrying, forestry, etc. are primary activities in this sector. Secondary Sector: Also known as the industrial sector, natural products (obtained […]
Economics: Concepts & Principles
Understand basic economic concepts such as scarcity, supply and demand, costs and benefits, etc. What is Economics Economic agents / society have some economic problems because of the scarcity of resources. They need to choose scarce resources among alternatives (scarce resources) based on choice and valuation of alternatives. Thus economics is the study of how […]
“Sapiens: A Brief History of Humankind” by Yuval Harari
In the book “Sapiens: A Brief History of Humankind” written by Yuval Harari, Harari takes us through the various revolutions that humans have undergone, right from their days as hunters to the present day. Harari also goes deep into the topic of capitalism, an economic-led system based on private ownership of the means of production […]
“Another knowledge is possible” by Sousa Santos
The modern world is more connected than ever before and globalisation is ensuring that its benefits such as technology, employment and capital are now available to poorer countries as well. It has also made the western world aware that most of these countries have a deep-rooted culture. While the western world is acknowledging their cultural […]
The Boston Consulting Group (BCG) Matrix
The BCG matrix framework by Boston Consulting Group evaluates the strategic position of the products in the portfolio of a business. While the Product Life Cycle is a great tool to determine how one or a group of products in the portfolio are doing, tools such as the BCG (Boston Consulting Group) Matrix are better […]
Bowman’s Strategic Clock
Bowman’s Strategy Clock presents various ways to position product/services and is a useful tool to understand how firms compete based on price and perceived value. Bowman’s strategic clock is another strategic tool that provides businesses with several options to position their products/services in the market. It suggests eight different ways to position product/services (BOWMAN & […]
SAF (SAF) Strategy Model
The Suitability, Acceptability and Feasibility (SAF) method helps in evaluating strategies; as per the framework, a strategy must meet three criteria for it to be successful – it must be suitable, acceptable and feasible (JOHNSON and SCHOLES, 1997). SAF Method Suitability: An assessment of the underlying rationale or logic of the potential strategy. Does the […]
Product Differentiation ICSE Class 10
Projects and assignments on Product Differentiation for ICSE Class 10 and other school students. Introduction The markets are more crowded than ever, and customers are overwhelmed with too many choices when it comes to buying products. That is why standing out from the competition has become crucial for businesses with a long-term vision. There are […]
Planning a home budget (Class 10 ICSE project)
Planning a home budget (Math project) for Class X students What is a Budget? A budget is a list of all planned expenses and revenues. It is a plan for savings and expenditures (spending). A budget is an important concept in microeconomics, which uses a budget to illustrate the trade-offs between two or more goods. […]
The Lean Startup by Eric Ries
The Lean Startup by Eric Ries is a book written for entrepreneurs and talks about how startups should go about launching their business. The author also provides several examples of companies that have used innovation to develop radically new products, in order to drive certain points. As per Ries, a startup is a company that […]
We are the Music Makers by Arthur William Edgar O’Shaughnessy
We are the Music Makers by Arthur William Edgar O’Shaughnessy About the poem The Ode, popularly known by its first line ‘We are the music makers’ is the first poem in the collection Music and Moonlight (1874) by Arthur O’Shaughnessy. This ode is a treatise to artists across different realms. It uses various euphemisms like […]
